How IREN Stock Can Double To $50?

Core Viewpoint - IREN Limited has transitioned from a Bitcoin mining company to a diversified AI cloud infrastructure provider, achieving over 150% year-to-date returns, with potential for the stock price to double to surpass $50 due to strategic growth drivers [2][3]. Group 1: Growth Drivers - IREN's revenue has surged to $501 million in fiscal 2025, marking a 168% year-over-year increase, with projections to triple to approximately $1.5 billion by 2027, indicating one of the fastest growth rates in AI infrastructure [5]. - The company plans to expand its NVIDIA GPU fleet to 10,900 by December 2025, which, combined with nearly 100% GPU utilization and EBITDA margins exceeding 50%, supports exceptional profitability [5]. - IREN's preferred-partner status with NVIDIA ensures access to advanced hardware in a supply-constrained market, bolstering its competitive position [5]. Group 2: Strategic Infrastructure - The company is developing significant infrastructure projects, including a 50MW liquid-cooled data center and a 1,400MW facility, positioning IREN as a major player in AI infrastructure [5]. - A vertically integrated energy model allows IREN to maintain average power costs near $0.03845 per kilowatt-hour, appealing to ESG-focused AI customers through 100% renewable energy sourcing [5]. Group 3: Investment Outlook - IREN presents a dual exposure to Bitcoin adoption and rapidly growing AI infrastructure, with the shift from a pure miner to an AI cloud provider creating multiple avenues for value creation [6]. - Revenue projections suggest that even modest multiple compression could lead to a stock price exceeding $50 by 2027 [7].